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Kenya Economy Watch
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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The Eurobond is generating much interest here in the office (bond desk) - Trading at 102.00 on day one! That's a good return given the skirmishes going on at the coast.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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only cbk know,overnight rates have crushed,liquidity is high...the tbill auction is a rigged process
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
Sad. Doesn't quite add up given the recent success of the Eurobond at far less yields for longer maturity periods, and also the fact that the subscription rate for this 91 day T/Bill was 288%. @SufficientlyP
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
it's an auction willing buyer willing seller. The over subscription should tell you those rates will come crushing down in the next few weeks. The money market fellows thought the eurobond will not do so well so they kept off the auction last few weeks. Maybe it's time to run away from money market back to stocks
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
cbk stretched it by accepting Kes. 9B in an offer of Kes. 4B. Reading a gush hungry for the funds before the dollars land
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mwekez@ji wrote:FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
cbk stretched it by accepting Kes. 9B in an offer of Kes. 4B. Reading a gush hungry for the funds before the dollars land Cartoons would have also helped explain. Any source for long term charts of the rates. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mnandii wrote:mwekez@ji wrote:FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
cbk stretched it by accepting Kes. 9B in an offer of Kes. 4B. Reading a gush hunger for the funds before the dollars land Cartoons would have also helped explain. Any source for long term charts of the rates. This gives from Jan 2012 https://centralbank.go.ke/index.php/treasury-bill/91-days
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mwekez@ji wrote:mnandii wrote:mwekez@ji wrote:FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
cbk stretched it by accepting Kes. 9B in an offer of Kes. 4B. Reading a gush hunger for the funds before the dollars land Cartoons would have also helped explain. Any source for long term charts of the rates. This gives from Jan 2012 https://centralbank.go.ke/index.php/treasury-bill/91-days Thanks @mwekea@ji. I'll plot and see how it goes. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mnandii wrote:mwekez@ji wrote:mnandii wrote:mwekez@ji wrote:FRM2011 wrote:
Morning wazuans,
Would someone kindly explain the huge jump in yesterday's 91-day t bill auction. From 9.275% to 10.25%.
cbk stretched it by accepting Kes. 9B in an offer of Kes. 4B. Reading a gush hunger for the funds before the dollars land Cartoons would have also helped explain. Any source for long term charts of the rates. This gives from Jan 2012 https://centralbank.go.ke/index.php/treasury-bill/91-days Thanks @mwekea@ji. I'll plot and see how it goes. Karibu @mnandii. And check out the "Export all to Excel" button in the page. It has 17 years data.
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